Welcome to the Polygon - Russia launches new Stable Coin

Cyber Polygon is a project sponsored by the World Economic Forum and led by Klaus Schwab. Similar in vain to the Event 201 project that kicked off the Corona Pandemic, Cyber Polygon is a cyber security event where the world's players meet up to discuss "cyber security".

Some of the key speakers there include the loveable rogue Klaus Schwab and the first-named speaker was the Russian prime minister. You may think that to be an odd choice for the first key named speaker at a cyber security event organised by the WEF.

It would be odd unless you didn't know about the financial digital transformation taking place in Russia with the help of JPMorgan. Financial "sanctions" or demolishing of the old system? The event is hosted by BI.ZONE who are developing the Sberbank digital platform ecosystem.

At the 2021 event, there was lots of "technical training" with over 200 organisations involved and I'm sure the event coming up in August will be even bigger. The newsflow has been building up with regard to CBDCs, and it seems the speed is increasing towards the implementation.

A Bloomberg article confirmed that Sberbank will now start to issue and exchange digital assets on their systems within a month. This would be the 2nd layer of CBDCs that will be implemented, as the main level would be direct with the central bank. A Yahoo article reported that Sberbank is doing this because they "are broke".  This is of course nonsense, as they have just reported record profits up 74% and this has been planned at the CyberPolygon event last year.

Sberbank is expected to facilitate business lending and implement a new Stable coin called the "Sbercoin". We can expect a raft of commercial banks around the world to start issuing their own stable coins possibly backed by CBDCs. JPMorgan is working on the implementation with them and it is likely that Russia is just the pilot scheme.

Further to this, we are waiting for news of the official launch of the digital ruble that is currently being tested. The fiat ruble is currently losing value unofficially at around 2% PER WEEK! My source in Moscow tells me that the central bank expects around 20% inflation for 2022, although with 2% per week, this seems very unlikely. With the runaway inflation, people will most likely voluntarily switch to the Sbercoin and digital ruble to avoid massive inflation. How these new tokens perform, we will find out soon enough.

It remains to be seen how the digital euro and digital pound will be implemented, but we can be sure a strategy of Hegelian Dialectics will be used. This strategy is better known as Problem, Reaction and Solution. An example is that the government would break your leg and then offer you some crutches to walk with again afterwards. Whereas it would have been better if they didn't break your leg in the first place. Hegelian Dialectics is the founding philosophy of western civilisation and you can trace its use back in all the world's major events.

The end of fiat is fast approaching.

Thanks for reading